The AI proxy battle intensifies as Google allegedly supports Anthropic with a $2 billion investment.
Google has reportedly poured a staggering $2 billion into Anthropic, aligning itself with OpenAI as a dominant force in the artificial intelligence realm. In a landscape where tech giants struggle…
Sony Ventures allocates $10 million for investments in Series B rounds of African entertainment startups.
Sony Group has unveiled the creation of the Sony Innovation Fund: Africa (SIF: AF), a program designed to bolster the growth of entertainment ventures in Africa. The Tokyo-based multinational conglomerate,…
In the third quarter, Amazon’s advertising revenue surpasses $12 billion.
Amazon’s online advertising business continues to thrive, despite increasing concerns among investors about the potential negative effects of the Israel-Hamas conflict on the global economy. In its latest financial report…
Stellantis, the company behind Jeep and Dodge, will invest $1.6 billion in the Chinese EV startup Leapmotor.
On Thursday, Stellantis announced a significant investment of 1.5 billion euros ($1.58 billion) in the Chinese electric vehicle startup, Leapmotor. This move comes as established automakers seek to gain a…
As Ozempic and Wegovy surge, a tech startup secures $20 million for data-driven weight loss
The weight loss industry has always been lucrative, but it has recently experienced substantial growth due to the increased demand for medications like Ozempic, Wegovy, and other innovative drugs designed…
Intel’s stock experiences a decline following reports of Nvidia’s development of an Arm-based PC chip.
On Monday, Intel saw a 3% decline in its stock value, as per Reuters’ report on Nvidia and AMD’s collaboration in developing Arm-based PC chips. Meanwhile, Arm’s stock witnessed a…
Alibaba and Tencent are part of the investor lineup backing China’s alternative to OpenAI, securing $341 million in funding
Chinese technology giants, such as Alibaba and Tencent, have thrown their support behind Zhipu, an artificial intelligence startup that China hopes will serve as a counterpart to the American company…
Layer secures $3M seed funding to create AI copilots 10 times faster than humans.
AI copilots have become a growing trend as the generative AI boom enters its first-year anniversary since the launch of OpenAI’s ChatGPT in November 2022. However, the question remains: How…
ScyllaDB secures $43M for advanced NoSQL database scalability
ScyllaDB has gained recognition in recent years as a high-performance database solution favored by some of the most demanding organizations worldwide. Prominent users of ScyllaDB include Discord, the social networking…
Deta secures $3.6M for cloud-based OS development.
Deta, a pioneering tech company based in Berlin, is on a mission to transform personal computing through the introduction of Deta Space, which its founder describes as the world’s inaugural…